YieldMax COIN Option Income Strategy ETF

CONY seeks to provide current income and capped gains on the Coinbase Global Inc. stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.

A year ago, I predicted YieldMax COIN Option Income Strategy ETF would underperform, and while its price dropped, it achieved an 86% total return. Despite a price decline from $25 to $15 per share, CONY's total return performance makes it competitive with COIN. My recent positive ratings on YieldMax funds, including YMAX and YMAG, reflect my updated perspective on their potential.

One Year Later, I Was Wrong About CONY And Its Yield (Rating Upgrade)

YieldMax Ultra Option Income Strategy ETF

YieldMax Magnificent 7 Fund of Option Income ETF

YieldMax Universe Fund of Option Income ETFs

CHICAGO and MILWAUKEE and NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced distributions for the YieldMax™ ETFs listed in the table below. ETF Ticker 1 ETF Name Reference Asset Distribution per Share Distribution Frequency Distribution Rate 2,4,5 30-Day SEC Yield 3 Ex-Date & Record Date Payment Date YMAX YieldMax™ Universe Fund of Option Income ETFs Multiple $0.1226 Weekly 34.96% 67.08% 12/12/24 12/13/24 YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Multiple $0.1680 Weekly 43.89% 53.18% 12/12/24 12/13/24 CONY YieldMax™ COIN Option Income Strategy ETF COIN $1.3391 Every 4 Weeks 105.60% 3.11% 12/12/24 12/13/24 FIAT YieldMax™ Short COIN Option Income Strategy ETF COIN $0.6822 Every 4 Weeks 101.57% 5.10% 12/12/24 12/13/24 MSFO YieldMax™ MSFT Option Income Strategy ETF MSFT $0.4126 Every 4 Weeks 27.78% 3.43% 12/12/24 12/13/24 AMDY YieldMax™ AMD Option Income Strategy ETF AMD $0.3042 Every 4 Weeks 36.80% 3.89% 12/12/24 12/13/24 NFLY YieldMax™ NFLX Option Income Strategy ETF NFLX $0.8651 Every 4 Weeks 58.16% 3.18% 12/12/24 12/13/24 ABNY YieldMax™ ABNB Option Income Strategy ETF ABNB $0.3960 Every 4 Weeks 32.30% 2.80% 12/12/24 12/13/24 PYPY YieldMax™ PYPL Option Income Strategy ETF PYPL $0.6010 Every 4 Weeks 41.03% 3.29% 12/12/24 12/13/24 ULTY YieldMax™ Ultra Option Income Strategy ETF Multiple $0.7092 Every 4 Weeks 92.32% 0.00% 12/12/24 12/13/24 Scheduled for next week: YMAX YMAG MSTY YQQQ AMZY APLY AIYY DISO SQY SMCY The performance data quoted above represents past performance.

YieldMax™ ETFs Announces Distributions on CONY (105.60%), FIAT (101.57%), ULTY (92.32%), YMAX (34.96%), YMAG (43.89%) and Others

Coinbase

Coinbase stock and the YieldMax COIN Option Income Strategy (CONY) ETF will be in the spotlight after Bitcoin surged above the key resistance level at $100,000. CONY was trading at $18 on Wednesday, down by 37% this year, while COIN was at $330, up by 90% this year.

Coinbase stock vs CONY ETF: Better buy as Bitcoin hits $100k?

Be cautious of speculative new ETFs, which can be highly risky and charge high fees. Leveraged ETFs like MSTU offer short-term gains but can lead to significant losses due to daily leverage resets and beta decay. YieldMax ETFs may offer high yields, but are not sustainable long term. They often result in capital erosion and high tax inefficiency (sometimes over 100% of returns to taxes).

CONY: 5 Critical Lessons All Dividend Investors Must Learn From Mega Yielding ETF

CONY has surged 51% since August, but its long-term performance lags COIN, making it less appealing for income investors and traders. Despite initial bearish calls, CONY's gains are driven by Bitcoin's price correlation, not Coinbase's fundamental performance. CONY offers high monthly distributions but carries significant risk and underperforms during COIN rallies, questioning its suitability for bullish COIN investors.

CONY: Still Not Suitable For Income Investors

CHICAGO, MILWAUKEE and NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced distributions for the YieldMax™ ETFs listed in the table below. ETF Ticker 1 ETF Name Reference Asset Distribution per Share Distribution Frequency Distribution Rate 2,4,5 30-Day SEC Yield 3 Ex-Date & Record Date Payment Date YMAX YieldMax™ Universe Fund of Option Income ETFs Multiple $0.1523 Weekly 43.77% 67.35% 11/14/2024 11/15/2024 YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Multiple $0.2104 Weekly 55.08% 54.91% 11/14/2024 11/15/2024 CONY YieldMax™ COIN Option Income Strategy ETF COIN $2.0231 Every 4 Weeks 135.69% 3.61% 11/14/2024 11/15/2024 FIAT YieldMax™ Short COIN Option Income Strategy ETF COIN $0.7258 Every 4 Weeks 100.77% 3.58% 11/14/2024 11/15/2024 MSFO YieldMax™ MSFT Option Income Strategy ETF MSFT $0.5097 Every 4 Weeks 34.27% 3.67% 11/14/2024 11/15/2024 AMDY YieldMax™ AMD Option Income Strategy ETF AMD $0.8140 Every 4 Weeks 83.35% 4.11% 11/14/2024 11/15/2024 NFLY YieldMax™ NFLX Option Income Strategy ETF NFLX $0.7843 Every 4 Weeks 54.56% 3.48% 11/14/2024 11/15/2024 ABNY YieldMax™ ABNB Option Income Strategy ETF ABNB $0.8632 Every 4 Weeks 68.18% 2.74% 11/14/2024 11/15/2024 PYPY YieldMax™ PYPL Option Income Strategy ETF PYPL $0.5880 Every 4 Weeks 40.35% 3.15% 11/14/2024 11/15/2024 ULTY YieldMax™ Ultra Option Income Strategy ETF Multiple $0.8313 Every 4 Weeks 101.39% 0.00% 11/14/2024 11/15/2024 Scheduled for next week: YMAX YMAG MSTY YQQQ AMZY APLY AIYY DISO SQY SMCY The performance data quoted above represents past performance.

YieldMax™ ETFs Announces Distributions on CONY (135.69%), ULTY (101.39%), FIAT (100.77%), YMAX (43.77%), YMAG (55.08%) and Others

Bitwise Crypto Innovators ETF

Global X Blockchain & Bitcoin Strategy ETF

First Trust SkyBridge Crypto Industry and Digital Economy ETF

Fidelity Covington Trust-Fidelity Crypto Industry And Digital Payments Etf

Bitcoin has been riding the wave of crypto-friendly Donald Trump's win, nearing the $90,000 level.

Trump Wave Drives Bitcoin Near $90K: 5 ETF Leaders

Arch Capital

Arch Capital Group Ltd. Deposit Shs Repr 1/1000th 5.45 % Non-Cum Pfd Shs Series F

AMC Networks

Altus Power

Apogee Enterprises

ASOS PLC

Avantis Real Estate ETF

BHP Billiton

Bill.com

BWX Technologies

Civitas Resources

Chipotle

CorMedix

CoStar Group

CEL-SCI

Diageo

Federal Realty Investment Trust

First Solar

Genworth Financial

Hewlett Packard

In October, 42 new analysts joined Seeking Alpha, sharing diverse investment ideas and strategies, from biotech to real estate. Highlighted strong buy recommendations include MicroStrategy, CorMedix, Hewlett Packard Enterprise, Vertex Pharmaceuticals, and several others. Readers are encouraged to engage with the new analysts, share thoughts on their picks, and join the conversation.

Stock Picks From Seeking Alpha's October 2024 New Analysts

YieldMax COIN Option Income Strategy ETF (CONY) uses options on Coinbase (COIN) to generate income, offering high distribution rates near 100%. CONY's strategies include synthetic covered calls and credit call spreads, providing limited upside but significant income from options premiums. Historical performance shows a 101% return since inception, but the fund's upside is capped, and it mirrors COIN's downside risks.

CONY Vs. COIN: Chasing High Yield Or Direct Exposure? A Look At Investment Options

YieldMax Short COIN Option Income Strategy ETF

CHICAGO and MILWAUKEE and NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced distributions for the YieldMax™ ETFs listed in the table below. ETF Ticker 1 ETF Name Reference Asset Distribution per Share Distribution Frequency Distribution Rate 2,4,5 30-Day SEC Yield 3 Ex-Date & Record Date Payment Date YMAX YieldMax™ Universe Fund of Option Income ETFs Multiple $0.1747 Weekly 51.97% 62.93% 10/17/2024 10/18/2024 YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Multiple $0.2261 Weekly 62.33% 50.85% 10/17/2024 10/18/2024 CONY YieldMax™ COIN Option Income Strategy ETF COIN $1.1098 Every 4 Weeks 101.35% 3.70% 10/17/2024 10/18/2024 FIAT   YieldMax™ Short COIN Option Income Strategy ETF COIN $1.4513 Every 4 Weeks 105.76% 3.22% 10/17/2024 10/18/2024 MSFO YieldMax™ MSFT Option Income Strategy ETF MSFT $0.5077 Every 4 Weeks 33.76% 3.33% 10/17/2024 10/18/2024 AMDY YieldMax™ AMD Option Income Strategy ETF AMD $0.9212 Every 4 Weeks 84.48% 3.24% 10/17/2024 10/18/2024 NFLY YieldMax™ NFLX Option Income Strategy ETF NFLX $0.7929 Every 4 Weeks 59.84% 3.45% 10/17/2024 10/18/2024 ABNY YieldMax™ ABNB Option Income Strategy ETF ABNB $0.8003 Every 4 Weeks 61.67% 2.84% 10/17/2024 10/18/2024 PYPY YieldMax™ PYPL Option Income Strategy ETF PYPL $1.1042 Every 4 Weeks 75.73% 2.94% 10/17/2024 10/18/2024 ULTY YieldMax™ Ultra Option Income Strategy ETF Multiple $0.8267 Every 4 Weeks 100.99% 0.00% 10/17/2024 10/18/2024 Scheduled for next week: YMAX YMAG MSTY YQQQ AMZY APLY AIYY DISO SQY SMCY The performance data quoted above represents past performance.

YieldMax™ ETFs Announces Distributions on FIAT (105.76%), CONY (101.35%), ULTY (100.99%), YMAX (51.97%), YMAG (62.33%) and Others

The YieldMax COIN Option Income Strategy ETF offers a high dividend yield around 100%, appealing to income-seeking investors with exposure to Coinbase. CONY's covered call strategy provides monthly income and mitigates some downside risk, but limits upside potential and correlates closely with Coinbase's performance. Despite its attractive yields, CONY's sustainability is uncertain, and it may become a yield trap due to its newness and reliance on Coinbase's price stability.

CONY: Tempting Yields, But Buyer Beware

YieldMaxTM PLTR Option Income Strategy ETF

On Tuesday, YieldMax launched its newest option fund, the YieldMax PLTR Option Income Strategy ETF (PLTY).  PLTY aims to offer current income for its investors.

New Fund From YieldMax Uses Palantir Income Strategy

High-income option selling ETFs like CONY often erode principal value, which makes them a poor long-term investment despite high dividend yields. This fund's structure, involving U.S. treasuries and a synthetic COIN position, is an inefficient way to generate yield from option premiums. CONY outperforms slightly in down and sideways markets, but lags significantly in bull markets, which has lead to a dramatic gap in performance vs. the underlying.

CONY: Don't Buy This Yield Trap

I recommend buying COIN for growth and CONY for income, as CONY generates high-yield income from writing covered calls on COIN stock. Despite COIN's price volatility, CONY's monthly high-yield distributions offer a compelling income opportunity, especially for those reinvesting distributions as prices drop. Single issuer risk is a concern, but CONY's strategy of generating income from options premiums mitigates losses, making it suitable for income-focused investors.

CONY: This High-Yield One-Trick Pony Just Needs To Finish The Race

Yieldmax Smci Option Income Strategy ETF

On Thursday, YieldMax debuted the YieldMax SMCI Option Income Strategy ETF (SMCY). As the latest YieldMax option income ETF, SMCY seeks to provide current income.

YieldMax's New ETF Uses SMCI Option Income Strategy

YieldMax ABNB Option Income Strategy ETF

YieldMax AI Option Income Strategy ETF

YieldMax AMD Option Income Strategy ETF

Yieldmax Amzn Option Income ETF

YieldMax AAPL Option Income Strategy ETF

YieldMax BABA Option Income Strategy ETF

YieldMax Short TSLA Option Income Strategy ETF

YieldMax Short NVDA Option Income Strategy ETF

YieldMax DIS Option Income Strategy ETF

Yieldmax Meta Option Income Strategy Etf

YieldMax GOOGL Option Income Strategy ETF

YieldMax MRNA Option Income Strategy ETF

YieldMax MSFT Option Income Strategy ETF

YieldMax MSTR Option Income Strategy ETF

YieldMax NFLX Option Income Strategy ETF

YieldMax NVDA Option Income Strategy ETF

Yieldmax Arkk Option Income Etf

YieldMax PYPL Option Income Strategy ETF

YieldMax SNOW Option Income Strategy ETF

YieldMax SQ Option Income Strategy ETF

Yieldmax Tsla Option Income Etf

Yieldmax Tsm Option Income Strategy Etf

YieldMax Xom Option Income Strategy ETF

YieldMax Bitcoin Option Income Strategy ETF

YieldMax N100 Short Option Income Strategy ETF

CHICAGO and MILWAUKEE and NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced monthly distributions for the YieldMax™ ETFs listed in the table below.

YieldMax™ ETFs Announces Monthly Distributions on PYPY (101.91%), MSTY (100.04%), FIAT (100.02%), CONY (91.83%), SQY (81.95%) and Others

The YieldMax COIN Option Income Strategy ETF (CONY) aims to generate income through options premiums but doesn't hold COIN stock, leading to capped gains. CONY's performance has been poor, underperforming direct COIN stock investments. Income investors should avoid CONY due to its unpredictable returns and higher risk compared to more stable investment products.

CONY: A Derivative Of Derivatives

On Wednesday, YieldMax's latest ETF, the YieldMax TSM Option Income Strategy ETF (TSMY), opened for trading on the NYSE Arca.  A strategy that looks at Taiwan Semiconductor Manufacturing Company (TSM), TSMY seeks to provide access to current income.

YieldMax's New Option ETF Strategy Focuses on TSM

YieldMax JPM Option Income Strategy ETF

CHICAGO and MILWAUKEE and NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF:

YieldMax™ Launches Option Income Strategy ETF on Alibaba (BABA)

CHICAGO and MILWAUKEE and NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced monthly distributions for the YieldMax™ ETFs listed in the table below.

YieldMax™ ETFs Announces Monthly Distributions on MSTY (95.14%), TSLY (83.44%), CONY (75.83%), NVDY (64.52%), CRSH (61.10%) and Others

iShares Core U.S. Aggregate Bond ETF

Calamos S&P 500 Structured Alt Protection ETF-August

Invesco DB Agriculture Fund

Eaton Vance Floating-Rate ETF

VanEck Junior Gold Miners ETF

iShares iBoxx High Yield Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares MSCI Global Gold Miners ETF

Amplify Junior Silver Miners ETF

 SPDR Blackstone Senior Loan ETF

iShares 20+ Year Treasury Bond ETF

United States Natural Gas Fund LP

Global X Uranium ETF

SPDR S&P Biotech ETF

Hello! Bonds seemed more appealing to ETF investors than ever before in July, based on flow data from State Street. This week's ETF Wrap looks at what's driving investors' appetite for fixed income lately, and where their money flowed within fixed income.

Bond ETFs attract record flows in July as investors position for Fed rate cuts

YieldMax COIN Option Income Strategy ETF provides a massive 96.5% yield. CONY utilizes synthetic call options to generate income from exposure to Coinbase. The dividend wheel strategy can be used to repurpose CONY's distributions into other areas of the portfolio, offsetting potential downside risk and tax implications.

CONY: High Income Play On Bitcoin Speculation

YieldMax COIN Option Income strategy ETF actively manages a derivative book of Coinbase to provide monthly income for shareholders. The ETF sells call options and purchases put options on COIN, creating a synthetic short strategy with treasuries as collateral. CONY offers a unique opportunity to passively invest in an actively managed options strategy for COIN, recommended with a BUY rating and upwards of 3% allocation.

CONY Offers An Alternative Income Strategy For Investments In COIN

CHICAGO, MILWAUKEE and NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF:

YieldMax™ Launches Short COIN Option Income Strategy ETF (FIAT)

CHICAGO and MILWAUKEE and NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced monthly distributions for the following YieldMax™ ETFs:

News for YieldMax COIN Option Income Strategy ETF ETF (CONY)